Fowlers FIRS tax revolutionvalid until: 24 May 2020date published: 24 May 2019
AS the first term of President Muhammadu Buhari winds up within the next nine days, it is understandable that Nigerians are looking back at the passing four years to see if (and where) the “change” the ruling All Progressives Congress, APC, promised showed up beyond mere propaganda. While the regime’s performance in the economic sector can at best be described as tepid, two federal institutions stood out by dint of their internal innovative initiatives beyond the general template of the regime’s economic agenda as contained in the Economic Recovery and Growth Plan, ERGP.
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Tunde Fowler, Chairman, Federal Inland Revenue Service (FIRS) has announced the possibility of the agency to increase the country’s tax base by over 100 percent to 45 million before the end of Q3 2019, a target which would hopefully expand the country’s low tax revenues. Nigeria’s has a low tax base currently put at about 20 million with its tax to GDP one of the world’s lowest at 7 percent, according to official figures.Read more: https://innerkonsult.com/firs-targets-45-million-tax-base-by-q3-2019/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services....
date: 17 Jul 2019 - 17 Jul 2020
The Federal Government has cleared the N135.8bn Pay-As-You-Earn tax liabilities owed by federal Ministries, Department and Agencies to state governments. The PAYE tax liabilities owed to various state governments covered the period between 2002 and 2016.Read more: https://innerkonsult.com/fg-clears-n135bn-paye-liabilities-to-states/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com